New Delhi: Coal production in the country has demonstrated a remarkable growth trend during the current fiscal year, marking an impressive 12.81% increase as of October 28, 2023, compared to the corresponding period last year. Notably, Coal India Limited (CIL) has contributed to this progress with a growth rate of 11.90%, while Singareni Collieries Company Limited (SCCL) recorded 7.82% growth. Additionally, captive and commercial mines showcased a substantial growth rate of 20.94%. This surge in production has resulted in an overall supply growth of 11.70%, with the power sector receiving 7.87% more coal compared to the same period last year.
The Ministry of Coal has proactively taken measures to enhance coal production in companies with more efficient evacuation logistics, including those connected to the commissioned Dedicated Freight Corridors. Eastern Coalfields Limited (ECL), Bharat Coking Coal Limited (BCCL), Central Coalfields Limited (CCL), and Western Coalfields Limited (WCL) have experienced growth rates of 18.70%, 17.60%, 13.90%, and 18.00%, respectively.
Following a period of unprecedented rainfall in coal-producing states during early October, coal production has gained momentum in the past 15 days. In this short duration, the total production has exceeded 26.40 lakh tonnes per day.
Moreover, as of October 28, 2023, the cumulative coal stock at the mine end of CIL, SCCL, captive mines, and coal in transit stands at 53.23 million tonnes, a substantial 42.32% increase compared to the corresponding period of the previous year.
During this period, the consumption of imported coal for blending purposes has decreased from 20.8 million tonnes to 13.5 million tonnes, reflecting a 35% reduction.
A significant shift has been observed in coal stocks at thermal power plant ends. After a period of depletion, the last 10 days have seen an increase, indicating that coal supply to thermal power plants now surpasses consumption. This positive trend extends to the stock levels at Thermal Power End, encompassing both Central and State Generating Companies.
Typically, coal production and transportation exhibit lower figures in the first half of the year, primarily due to the summer and monsoon seasons. However, post-monsoon, conditions become favorable, leading to higher coal supply in the second half of the year. This buildup results in increased coal stock at power plants and mines’ pitheads.